Mortgage Industry News
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
Home buying forecast: Trends to know in 2023
Source: TB&P --- The housing market has seen extreme highs and lows this year. Fluctuating home prices and mortgage rates are primarily attributed to inflation, fears of a recession, and the U.S. Federal Reserve’s economic policy. Ever-changing factors make the...
Shrinking availability of ‘small-dollar’ mortgages hurts low-income home buyers
Source: bizTimes --- In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market,...
How To Calculate Price Per Square Foot
Source: Forbes Advisor --- Calculating the price per square foot can give you an idea of the home’s value and help you compare it with other homes, even when they have different floor plans and sizes. Square foot pricing can also help you estimate the cost to make...
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